|Bid||155.80 x 0|
|Ask||156.68 x 0|
|Day's range||152.92 - 160.12|
|52-week range||141.66 - 285.70|
|Beta (5Y monthly)||0.85|
|PE ratio (TTM)||29.90|
|Earnings date||07 Feb 2022 - 11 Feb 2022|
|Forward dividend & yield||0.37 (0.25%)|
|Ex-dividend date||06 Apr 2022|
|1y target est||N/A|
Wind turbine makers racked up hefty losses last quarter, swelled by rocketing costs and cut-throat competition despite being more in demand than ever. Profits have been pummelled further by COVID-19, runaway metals prices, politically-motivated import duties and the fallout from Russia's invasion of Ukraine. Vestas, GE Renewable Energy and Siemens Gamesa, which control 70% of the market outside China, all reported wider losses for the first three months of 2022.
COPENHAGEN (Reuters) -Wind turbine maker Vestas posted a deep first-quarter loss and slashed its 2022 margin forecast due to the war in Ukraine and writedowns in its offshore business, reflecting an industry wide struggle to turn a profit despite record demand. Focus on renewables has intensified as the West steps up efforts to wean itself off Russian fossil fuels, but what Moscow refers to as its "special operation" in Ukraine has also boosted already soaring raw material and freight costs. "The business environment worsened significantly during the first quarter of 2022 due to Russia's invasion of Ukraine, and the associated ripple effects on global trade and cost inflation," Vestas said in its earnings report late Sunday.
ANSYS's (ANSS) simulation solutions are utilized by Vestas across its entire product chain to create more safe and sustainable wind turbines solutions.